Browsing Biltoki by Title
Now showing items 18-37 of 105
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Bayesian learning in mis-specified models
(2000-02)A central unanswered question in economic theory is that of price formation in disequilibrium. This paper lays down the methodological groundwork for a model that has been suggested as an answer to this question (Arrow, ... -
Benchmarking of patents: An application of GAM methodology
(2007-04)The present article reexamines some of the issues regarding the benchmarking of patents using the NBER data base on U.S. patents by generalizing a parametric citation model and by estimating it using GAM methodology. The ... -
Choice experiment study on the willingness to pay to improve
(2009-06)Modern forms of energy are an important vehicle towards poverty alleviation in rural areas of developing countries. Most developing countries’ households heavily rely on wood fuel which impact their health and social–economic ... -
Choice of Product Variety for the Durable Goods Monopolist
(1999-01)This paper analyzes the strategic choice of variety by a monopolist seller of a durable good as a means to mitigate his commitment problem. The monopolist chooses his product variety with a goal of ensuring that a strong ... -
Commitment Power in a Non-Stationary Durable-Good Market
(2001-05)This paper derives and evaluates the decisions of a durable good monopolist in a context where demand for the services of the durable good changes over time. It shows that, if the size of the market decreases over time, ... -
Comparative Study of Alternatives Analysis of Incomplete Disjunctive Tables
(2000-05)[EN] Multiple Correspondence Analysis (MCA) studies the relationship between several categorical variables defined with respect to a certain population. However, one of the main sources of information are those surveys in ... -
Comparing the performance of different approaches to deal with attribute non-attendance in discrete choice experiments: a simulation experiment
(2010)There is a growing body of literature acknowledging that respondents to DCE often use simplifying strategies, like ignoring one or several attributes to provide with their choices. Two main approaches have appeared to ... -
Competition, regulation, and pricing behavior in the Spanish retail gasoline market
(2006)The restructuring of the Spanish oil industry produced a highly concentrated oligopoly in the retail gasoline market. In June 1990 the Spanish government introduced a system of ceiling price regulation in order to ensure ... -
Conditional beta pricing models: A nonparametric approach
(2010)We propose a two-stage procedure to estimate conditional beta pricing models that allow for flexibility in the dynamics of assets' covariances with risk factors and market prices of risk (MPR). First, conditional covariances ... -
Consumption-Leisure Trade-offs and Persistency in Business Cycles
(2007)This paper studies whether nonseparabilities between consumption and leisure may help to explain the observed persistence in GNP growth. We consider an extended version of Lucas' (1988) human capital investment model that ... -
Dornbusch and Fischer on Capital and Income
(2002-05)In this paper I critically analyze the relationship that professors Dornbusch and Fischer establish among the concepts of GNP, NNP and aggregate income. In principle, aggregate income is NNP; indeed, the whole point of ... -
Doubly fractional models for dynamic heteroskedastic cycles
(2011-02)Strong persistence is a common phenomenon that has been documented not only in the levels but also in the volatility of many time series. The class of doubly fractional models is extended to include the possibility of long ... -
Economic Growth and Electricity Consumption in 12 European Countries: A Causality Analysis Using Panel Data
(2008)We apply recent panel methodology to investigate the relationship between electricity consumption and real GDP for a set of 12 European Union countries using annual data for the period 1970-2004. Recently developed tests ... -
Economic Integration and Privatization of Publicly-owned Firms
(2001-12)[EN] We analyse in this paper whether it should be the government of each country that decides whether to privatise a publicly-owned firm (non integration) or whether a supra-national authority should decide whether ... -
La Educación Ocupacional y la Salida del Paro en España
(1999-10)[EN] This paper considers the estimation of the effect of vocational education on the probability of employment using Spanish data from the linked Active Population Survey (EPA) since 1992 to 1997. After allowing for ... -
Electricity consumption and economic growth: evidence from Spain
(2007-01)The paper investigates both linear and nonlinear causality between electricity consumption and economic growth in Spain for the period 1971-2005. We use the methodology of Toda and Yamamoto (1995) and Dolado and Lütkepohl ... -
Entrada endógena ineficiente
(2002-07)[EN] Stewart (1994) presents a model of endogenous entry. In his article Stewart proposes the following topic for future research: "An important feature of the model is that entry would be inefficient from the producers' ... -
Environmental Policy in Unionized Industries
(2001-10)[EN] This paper focuses on the effects of environmental policy over the perfomance of firms and workers, when there is local pollution. We assume that the government chooses the environmental policy announcing an upper ... -
Environmental Standards, Wage Incomes and the Location of Polluting Firms
(2000-03)The purpose of this paper is to study how the choice of environmental standards by governments is affected by the existence of wage incomes when firms' location is endogenous. In developed countries labor is unionized, ... -
¿Es necesaria una política redistributiva del ingreso en Chile? Evidencia Empírica desde el principio de igualdad de oportunidades
(2004)[ES] Este trabajo evalúa la política tributaria vigente en Chile desde la perspectiva del criterio de Igualdad de Oportunidades. Bajo este criterio es deseable actuar para compensar a las personas por las circunstancias ...